Digital Forensics: By Philip Maina 1 day agoMon Nov 18 2024 11:43:37 Reading Time: 2 minutes DeFi platform Thala has recovered more than $25 million it had lost to a hacker Thala recovered the funds after working with law enforcement agencies The hacker agreed to take $300,000 as a bounty [...]
Digital Forensics:
Reading Time: 2 minutes
Scammers continue looking for new ways to get easy money and have hacked X (formerly Twitter) accounts of prominent entities to promote a crypto maliciously. Some of the compromised accounts include that of popular Brazilian football player Neymar Jr, Yahoo News UK, and Lenovo’s India branch. On-chain sleuths like ZachXBT have, however, revealed that the scammers potentially lost money in the project since only a few X users fell for the trick, indicating that social media users are able to detect fishy projects.
The malicious actors used the hacked accounts to promote a Solana-based meme coin HACKED. The scammers wrote that investors would profit by pumping the token’s price. “On each account we hack we publish the token address so we pump it and make profits together,” they wrote on tweets across the compromised accounts.
According to ZachXBT, the pump attempt didn’t go as planned since the meme coin’s trading volume remained low, adding that the scammers likely stole roughly $8,000 in the scheme.
Update: They removed liq for the meme coin and only made $8K off the scam
4UNwNiKMUHw1H8GnX6io5cgQmBLCQziXhPAGnBtS8nCWyCUft56SevnwdUNSB1CAtj7EprCSwPZwQJoZrRHBxGnA pic.twitter.com/2AwV5WlLIF
— ZachXBT (@zachxbt) September 18, 2024
ZachXBT added that the malicious actors “probably spent 5-6 figures on the method” so they likely lost money, describing the scammers as “incompetent.” The meme coin currently has a liquidity of $27 and a market capitalization of below $4,000.
They probably spent 5-6 figures on the method so lost money lmao
Strong contender for most incompetent hacker of the year
— ZachXBT (@zachxbt) September 18, 2024
The on-chain investigator suspects that the accounts were hacked after giving “permissions to the same site/app.” The incident comes a month after Pump.fun announced that it would make meme coin creation free and reward meme coin developers “when their coin completes its bonding curve.” Pump.fun-generated coins are listed on the Solana blockchain.
With the scammers failing to nab many victims despite using prominent X accounts, they may choose to promote wallet drainers instead of pumping meme coins.
Digital Forensics: Iranian hackers sought to interest President Joe Biden’s campaign in information stolen from rival Donald Trump’s campaign, sending unsolicited emails to people associated with the then-Democratic candidate in ...
Digital Forensics: By Philip Maina 1 day agoMon Nov 18 2024 11:43:37 Reading Time: 2 minutes DeFi platform Thala has recovered more than $25 million it had lost to a [...]
Post comments (0)